How about straight English here?? [ carve out mortgages backed by Fannie Mae and Freddie Mac,]
These units of the big banks should be CLOSED! But the banks are pushing a lot of moneys to the big Gov
The rule will carve out mortgages backed by Fannie Mae and Freddie Mac, one of the people said.
The agencies will seek public comment before each holds a vote on the final rule. The agencies involved in the rulemaking are the Federal Reserve, Federal Deposit Insurance Corp., Department of Housing and Urban Development, Federal Housing Finance Agency, Office of the Comptroller of the Currency, and Securities and Exchange Commission.
Thanks for chiming in!